Episode #210: Assisted Living 101 with Isabelle Guarino
09/20/24 • 22 min
As a nation, we know very little about residential assisted living (RAL) compared to other real estate categories. So today, we welcome the two-time bestselling author and COO of Residential Assisted Living Academy (RALA), Isabelle Guarino, who sheds more light on the importance of RAL and how you can get involved. Named as one of the “Top Influencers of Senior Housing” and a two-time recipient of "The Future Leader of Assisted Living" title, Isabelle is undoubtedly America’s top coach and trainer for all things RAL. She begins with a detailed breakdown of RALA before diving into the common pitfalls of operators new to RAL, the qualifications and hires that are required to run an assisted living facility, the limitations that RAL administrators have to work around, and how a residency care plan differs entirely from a tenant/landlord agreement. We also unpack proper ways to go about RAL research, helpful tools and technologies that are currently available, how scaling works in RAL, and everything else that you need to know to kick-start your residential assisted living venture.
Key Points From This Episode:
- RAL guru Isabelle Guarino explains the work of the Residential Assisted Living Academy (RALA).
- Common mistakes that operators make when joining the RAL space.
- The qualifications and key hires necessary to run a residential assisted living facility.
- Understanding the limitations placed on RAL administrators.
- Diving deeper into the numbers and economic implications.
- The differences between a tenant/landlord agreement and a residency care plan.
- How to find the right data when doing RAL research.
- A closer examination of how RALA trains its students to be successful.
- The future of RAL, and helpful technologies and tools to use.
- How scaling transpires in rental assisted living.
- Everything else that you need to know before joining RAL.
Links Mentioned in Today’s Episode:
Residential Assisted Living Academy | RALA
Residential Assisted Living National Association | RALNA
Asset Management Mastery Facebook Group
As a nation, we know very little about residential assisted living (RAL) compared to other real estate categories. So today, we welcome the two-time bestselling author and COO of Residential Assisted Living Academy (RALA), Isabelle Guarino, who sheds more light on the importance of RAL and how you can get involved. Named as one of the “Top Influencers of Senior Housing” and a two-time recipient of "The Future Leader of Assisted Living" title, Isabelle is undoubtedly America’s top coach and trainer for all things RAL. She begins with a detailed breakdown of RALA before diving into the common pitfalls of operators new to RAL, the qualifications and hires that are required to run an assisted living facility, the limitations that RAL administrators have to work around, and how a residency care plan differs entirely from a tenant/landlord agreement. We also unpack proper ways to go about RAL research, helpful tools and technologies that are currently available, how scaling works in RAL, and everything else that you need to know to kick-start your residential assisted living venture.
Key Points From This Episode:
- RAL guru Isabelle Guarino explains the work of the Residential Assisted Living Academy (RALA).
- Common mistakes that operators make when joining the RAL space.
- The qualifications and key hires necessary to run a residential assisted living facility.
- Understanding the limitations placed on RAL administrators.
- Diving deeper into the numbers and economic implications.
- The differences between a tenant/landlord agreement and a residency care plan.
- How to find the right data when doing RAL research.
- A closer examination of how RALA trains its students to be successful.
- The future of RAL, and helpful technologies and tools to use.
- How scaling transpires in rental assisted living.
- Everything else that you need to know before joining RAL.
Links Mentioned in Today’s Episode:
Residential Assisted Living Academy | RALA
Residential Assisted Living National Association | RALNA
Asset Management Mastery Facebook Group
Previous Episode
Episode #209: Kathy Fettke: Scaling Smart
Are you interested in scaling your business but have concerns about overreaching and going broke? In her new book, Scaling Smart, Kathy Fettke gives readers a comprehensive guide to creating a self-managing business without sacrificing growth. Kathy is a renowned real estate expert, author of the best-selling title, Retire Rich with Rentals, and co-founder of RealWealth. We are delighted to have her back on the show today to talk about the contents of her new book, Scaling Smart, and how to take on the challenge of scaling your real estate investments. Tune in as she outlines how she first entered real estate due to a family crisis, the key lessons she learned from navigating syndication after the 2008 crash, and how her experiences informed her new book. You’ll also hear her strategies for designing a self-managing business and how to scale thoughtfully by building an incentivized team and establishing inspired leaders within your company. For anyone looking to scale smartly and sustainably, Kathy's advice is a game changer!
Key Points From This Episode:
- Introducing Kathy Fettke, founder of RealWealth.
- Kathy’s new book, Scaling Smart, and why she wrote it.
- How her book is helping people scale their businesses without going broke.
- Her journey from stay-at-home mom to real estate investor
- Kathy’s experiences with the syndication process in 2009.
- The biggest mistakes she made and what she learned from them.
- Kathy’s insights on avoiding ego-driven decisions.
- The importance of identifying your why and what you truly want.
- Key lessons on creating a self-managing business.
- How to establish inspired leaders and build an incentivized team.
- Where you can find Kathy’s new book Scaling Smart.
Links Mentioned in Today’s Episode:
Kathy FettkeKathy Fettke on X
Kathy Fettke on Instagram
Scaling SmartKen McElroyTractionJilliene Helman
Asset Management Mastery Facebook Group
Next Episode
Episode #211: Shane Thomas – Quality Asset Management
Asset management requires constant forward-thinking to ensure long-term success. Today we are joined by the co-founder of Catalyst Equity Partners, Shane Thomas, to discuss quality asset management. Tuning in, you’ll hear about Shane’s business, why he decided to open an in-house construction business, the biggest asset management struggles at the moment, how he overcomes them, and more! We also dive into the importance of effective communication, playing the long game in asset management, and how Shane’s CPA background has contributed to his success. Plus, Shane shares valuable advice on hiring earlier in your asset management business. Press play now to catch it all!
Key Points From This Episode:
- Introducing today’s guest, Shane Thomas.
- A brief overview of his business, Catalyst Equity Partners.
- What inspired him to start CEP Construction.
- Shane’s biggest, and most recent, struggles with asset management.
- The importance of effective communication in good and bad times.
- Playing for the long game in asset management.
- How Shane’s CPA background helped him in property management.
Links Mentioned in Today’s Episode:
Asset Management Mastery Facebook Group
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